News Archives - Insurance Journal

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12 11, 2024

Abiomed to Pay $57K to Resolve Alleged Gender-Based Promotion Discrimination

By | November 12th, 2024|Uncategorized|Comments Off on Abiomed to Pay $57K to Resolve Alleged Gender-Based Promotion Discrimination

The U.S. Department of Labor has announced that its Office of Federal Contract Compliance Programs and Abiomed Inc., a federal medical equipment supplier, have entered into a conciliation agreement to resolve allegations of gender-based promotion discrimination at the company’s Danvers, …

12 11, 2024

Progressive to End Offering Dwelling Fire Insurance

By | November 12th, 2024|Uncategorized|Comments Off on Progressive to End Offering Dwelling Fire Insurance

Progressive said it will stop offering dwelling fire insurance, with nonrenewal notices going out as early as Nov. 19. The Mayfield, Ohio-based insurer late last week said the decision to discontinue writing the coverage, often dubbed “landlord insurance,” for non-primary …

12 11, 2024

People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada

By | November 12th, 2024|Uncategorized|Comments Off on People Moves: LP Insurance Services Names Reed to Commercial Team in Nevada

LP Insurance Services LLC named Travis Reed to its commercial lines team in northern Nevada. Reed has more than 10 years of industry experience, most recently as a sales executive with Alpine Insurance Associates. He previously worked as vice president …

12 11, 2024

NYC Man is Charged With Insurance Fraud in Staged Car Crash Captured By Dashcam

By | November 12th, 2024|Uncategorized|Comments Off on NYC Man is Charged With Insurance Fraud in Staged Car Crash Captured By Dashcam

A New York City man has been charged with staging a car accident for insurance fraud purposes last month in a case that received wide publicity after the victim shared dashboard camera footage of the crash, authorities announced Friday. Prosecutors …

12 11, 2024

Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1

By | November 12th, 2024|Uncategorized|Comments Off on Nonresident Surplus Brokers in Alabama Must Have $50,000 Bond Starting Jan. 1

Nonresident surplus lines brokers working in Alabama, like their in-state brethren, must secure a $50,000 fidelity bond to be licensed in the state, starting Jan. 1. The Alabama Department of Insurance posted the bulletin last week. A form is available …

12 11, 2024

FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs

By | November 12th, 2024|Uncategorized|Comments Off on FEMA Fires Manager Who Told Staff to Skip Homes With Trump Signs

A Federal Emergency Management Agency employee who ordered workers to bypass homes with yard signs supporting President-elect Donald Trump has been fired, the agency’s head said Saturday. “This is a clear violation of FEMA’s core values and principles to help …

12 11, 2024

FTX Sues Binance and Its Former CEO for $1.8B

By | November 12th, 2024|Uncategorized|Comments Off on FTX Sues Binance and Its Former CEO for $1.8B

Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was “fraudulently transferred” by FTX management to Binance and its executives. The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s …

12 11, 2024

Biden Administration to Support Controversial UN Cyber Treaty

By | November 12th, 2024|Uncategorized|Comments Off on Biden Administration to Support Controversial UN Cyber Treaty

The Biden administration plans to support a controversial cybercrime treaty at the United Nations this week despite concerns that it could be misused by authoritarian regimes, according to senior government officials. The agreement would be the first legally binding UN …

8 11, 2024

CNN Must Face Project Veritas’ Defamation Lawsuit, Appeals Court Rules

By | November 8th, 2024|Uncategorized|Comments Off on CNN Must Face Project Veritas’ Defamation Lawsuit, Appeals Court Rules

A U.S. federal appeals court on Thursday revived a defamation lawsuit accusing CNN of defaming Project Veritas in its explanation of why the conservative group, which is often accused of using deceptive tactics, was suspended from Twitter in 2021. The …

8 11, 2024

US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit

By | November 8th, 2024|Uncategorized|Comments Off on US Supreme Court to Hear Facebook Bid to Escape Securities Fraud Suit

The U.S. Supreme Court is set on Wednesday to consider a bid by Meta’s Facebook to scuttle a federal securities fraud lawsuit brought by shareholders who accused the social media platform of misleading them about the misuse of its user …